Q1 2025 First Western Financial Inc Earnings Call Transcript

Apr 25, 2025 / 04:00 PM GMT

Release Date Price: $20.34 (+7.90%)

Transcript 10-Q8-K

Key Points

Positve

First Western Financial Inc (MYFW) reported a significant improvement in profitability, driven by an expansion in net interest margin and higher non-interest income.
The company successfully increased non-interest bearing deposits and managed expenses well, contributing to financial stability.
There was a successful resolution of two large OREO properties, resulting in a net gain and contributing to asset quality improvement.
The tangible book value per share increased by 1.6% in the quarter, reflecting strong balance sheet management.
The company maintained a conservative approach to new loan production, with disciplined underwriting and pricing criteria, resulting in a solid level of diversified loan production.

Negative

Loan payoffs matched new loan production, resulting in a slight decrease in total loans, which could impact future growth.
There was a $144 million decrease in assets under management due to net withdrawals, primarily in fixed fee accounts.
The company anticipates potential flat or lower deposit balances in the second quarter due to typical outflows related to tax payments.
Non-performing assets remain a concern, with one substantial non-performing loan still unresolved, dependent on court proceedings.
The macroeconomic outlook remains uncertain, with potential impacts on loan demand and growth expectations for the year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MYFW.OQ - First Western Financial Inc
Q1 2025 First Western Financial Inc Earnings Call
Apr 25, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the first Western Financial first quarter, 2025 earnings conference call. At this time, all participants are in hallucino mode.

After the speaker's presentation, there will be a question and answer session.

To ask a question during the session, you will need to press 11 on your telephone.

You will then hear an automated message, advising your hand is raised.

To withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Tony Rossi, please go ahead.

--------------------------------

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